AVALANCHE - AVAX/USDT - Daily - Technical analysis published on 04/20/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 38.00 USDT
My targets
33.83 USDT (-4.68%)
29.37 USDT (-17.24%)
My analysis
AVALANCHE - AVAX/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 38.00 USDT. The next support located at 33.83 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 29.37 USDT. Below this support, sellers could then target 22.85 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AVALANCHE - AVAX/USDT rating 35.49 USDT. The price has increased by +2.40% since the last closing with the lowest point at 34.13 USDT and the highest point at 35.98 USDT. The deviation from the price is +3.98% for the low point and -1.36% for the high point.34.13
35.98
35.49
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AVALANCHE - AVAX/USDT:
Technical
Technical analysis of this Daily chart of AVALANCHE - AVAX/USDT indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 3 are neutral and 9 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.85 | 29.37 | 33.83 | 35.49 | 42.16 | 48.18 | 60.66 |
| Change (%) | -35.62% | -17.24% | -4.68% | - | +18.79% | +35.76% | +70.92% |
| Change | -12.64 | -6.12 | -1.66 | - | +6.67 | +12.69 | +25.17 |
| Level | Minor | Major | Major | - | Minor | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.21 | 30.08 | 32.37 | 34.24 | 36.53 | 38.40 | 40.69 |
| Camarilla | 33.52 | 33.90 | 34.28 | 34.66 | 35.04 | 35.42 | 35.80 |
| Woodie | 28.42 | 30.19 | 32.58 | 34.35 | 36.74 | 38.51 | 40.90 |
| Fibonacci | 30.08 | 31.67 | 32.65 | 34.24 | 35.83 | 36.81 | 38.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.11 | 16.83 | 25.36 | 38.08 | 46.61 | 59.33 | 67.86 |
| Camarilla | 28.05 | 29.99 | 31.94 | 33.89 | 35.84 | 37.79 | 39.73 |
| Woodie | 2.02 | 15.78 | 23.27 | 37.03 | 44.52 | 58.28 | 65.77 |
| Fibonacci | 16.83 | 24.95 | 29.96 | 38.08 | 46.20 | 51.21 | 59.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.24 | 21.93 | 38.00 | 51.69 | 67.76 | 81.45 | 97.52 |
| Camarilla | 45.89 | 48.61 | 51.34 | 54.07 | 56.80 | 59.53 | 62.25 |
| Woodie | 9.43 | 22.53 | 39.19 | 52.29 | 68.95 | 82.05 | 98.71 |
| Fibonacci | 21.93 | 33.30 | 40.32 | 51.69 | 63.06 | 70.08 | 81.45 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 35.92 | |
| MACD (12,26,9): | -4.2300 | |
| Directional Movement: | -22.06 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 35.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 36.11 | |
| Elder Ray (13): | -3.47 | |
| Super Trend (3,10): | 46.58 | |
| Zig ZAG (10): | 35.41 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 25.58 | |
| TEMA (21): | 32.36 | |
| Williams %R (14): | -72.20 | |
| Chande Momentum Oscillator (20): | -14.40 | |
| Repulse (5,40,3): | 4.3700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.0300 | |
| Courbe Coppock: | 53.00 |
| MA7: | 35.10 | |
| MA20: | 42.10 | |
| MA50: | 47.55 | |
| MA100: | 42.00 | |
| MAexp7: | 35.98 | |
| MAexp20: | 40.96 | |
| MAexp50: | 44.03 | |
| MAexp100: | 41.69 | |
| Price / MA7: | +1.11% | |
| Price / MA20: | -15.70% | |
| Price / MA50: | -25.36% | |
| Price / MA100: | -15.50% | |
| Price / MAexp7: | -1.36% | |
| Price / MAexp20: | -13.35% | |
| Price / MAexp50: | -19.40% | |
| Price / MAexp100: | -14.87% |
Quotes :
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Real time data
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